Payments News

On The Web

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Domains

Chinese Supply Chain Payments Fell Sharply Amid Coronavirus Outbreak

“Tradeshift Inc., a San Francisco-based payments firm, announced that cross border and domestic supply chain payments in China fell by more than half in mid-February following the coronavirus outbreak. The data shows that trade activity in the region fell by 56% during the week of February 16th, following steady declines related to coronavirus. The report also […]
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Companies

Walmart’s U.S. Boss Expects Coronavirus to Alter Shopping Permanently

“When John Furner became chief executive of Walmart Inc.’s WMT -0.53% U.S. operations last year, the biggest challenge was Amazon.com Inc. AMZN -0.40% Now Mr. Furner—who began his career at the company in 1993 as an hourly store worker and most recently led Walmart’s Sam’s Club—is leading the largest business unit at the country’s largest retailer during […]
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Use

Instagram founder launches gift card site for quarantined restaurants

Coronavirus quarantines are hurting local businesses, but Instagram  co-founder Mike Krieger  wants to help them keep revenue rolling in. Krieger and his wife Kaitlyn this week launched SaveOurFaves, a directory of Bay Area restaurants selling gift certificates to offset lost income amidst “shelter in place” orders across the region. Users can search for restaurants or browse by neighborhood, and then […]
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Whole Foods Is Restricting Cash Payments in Some Stores

“Amidst concerns over the ongoing spread of the coronavirus , at least one national grocery chain has begun limiting the use of cash in some stores.Last Friday, reports began to surface on social media of Whole Foods stores restricting or even eliminating cash payments. The grocers’ move comes as health experts cited by CBS warn […]
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Global

Online Cannabis Marketplace Dutchie Now Taking Visa, Mastercard Payments In Canada

“In an exclusive conversation online cannabis marketplace operator Dutchie revealed it has been quietly processing Visa and Mastercard payments in Canada since Thursday, April 9, enabled by a partnership with secure payment solutions provider Merrco. While cannabis is federally legal in Canada – unlike the U.S., implementing digital and/or contactless payment solutions continues to pose a […]

On The Wires

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Wirecard and Klarna Launch Joint Payment Solution for Merchants

“Wirecard, the global innovation leader for digital financial technology, and Klarna, a leading global payments and shopping provider, announced today the launch of a new enhanced joint payment solution. All three Klarna shopping methods, Pay Now, Pay Later and Klarna Financing, can now be embedded into merchants’ checkout via a single integration through the Wirecard […]
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Mastercard and Samsung Partner to Enable Digital Inclusion | Global Hub

“Mastercard’s Pay on Demand platform is designed to accelerate digital inclusion by bringing together financial institutions, original equipment manufacturers and telcos to holistically solve issues that have limited device financing in emerging markets. In line with Mastercard’s principles for data responsibility , the solution allows consumers to access devices in a pay-as-you-go model.”